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One approach to boost your debt payoff is to lower your interest rate. In case you have high-interest debt you want to find a lower interest rate on, check out Credible, which offers loan rates as low as 4.99% to refinancing your credit card debt.

Are you looking for a low-risk way to produce passive income Then look at opening a high-yield savings account with an online bank like CIT Bank that pays 19 times greater than traditional banks. CIT is currently are paying 1.55percent that's unreal.

While this wont make you filthy rich, it'll be a safer way to make consistent income and not lose your money since CIT FDIC insured.

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Once the initial task of creating the book is done, selling books can be a great way to produce some serious residual income.

Once your book can be found on a site like Amazon, you could get a check every month for doing nothing. Note that spending some time developing an effective marketing plan is vital. Evidently, the more time you spend marketing your books, the more money youll earn.

Do you have an additional room that you rarely use Why not rent it out to someone looking for a temporary rental on Airbnb.  Millions of individuals use Airbnb to find somewhere to stay instead of staying in a hotel, sometimes even for months at a time.

You can hire a maid service to clean and prep the space following a suspect leaves. This will eliminate work on your end and make it truly passive income. My friend Steve and his wife make over $1000 a month renting out their spare bedrooms.

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In case you've got a site already then this is a no-brainer.  Some people are making over $50,000 per month like Michelle who teaches others how to earn money online with her class Making Sense of Affiliate Marketing.

In case you dont have a web site, you can start one for less than $3/month. Thats the price for getting a website sponsor a company that stores your website on servers so it can be viewed on the Internet.   Click here to find special pricing of $2.95/month using Bluehost.

Affiliate marketing can be a great way to make passive income. That is because when people click on the affiliate links on your site, you receive a commission at no additional cost to them. All they need to do is buy a product or service.

Another way to produce passive income is to make a lead generation website. Lead generation sites exist to provide referrals to local businesses.

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So, lets say you created a lead generation site which focuses on real estate. Youd use the website to educate people about home ownership. Or, youd educate them about property investing.

Within the site youd have links where people could contact you to learn more. When someone contacts you, you refer them to a real estate professional in their region.

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The actual estate professional would cover you to the lead. Its a warm lead and not a cold lead, so professionals are more willing to pay.

You might also earn money by having advertisers on your website. Note that you may have to understand SEO (Search Engine Optimization) principles in order to make the site successful. Getting your site near the top of search engine pages would be critical to success.

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Did you know that you can sell your own products on Amazon and have them even send the products for you I actually have a friend who's done very well with this as he makes six figures per year selling his own products online.

You can earn even more money by signing up using a special rewards shopping website. There are sites which will pay you each time you shop at certain online retailers.

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You just download the websites browser extension and each time youre on an e-commerce website thats eligible for cash-back, youll get a notification. I use a free site called Ebates, which will pay you $10 just for signing up.

With their dual cash back specials, then you can check over here double your passive income earnings in the event the ideal items go on sale.

Again, your earning strategy goes out the window if you buy things you dont need simply to earn rewards. Just go about your shopping as normal, and potentially earn a nice cash bonus in the procedure.

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With the explosion of eCommerce, drop shipping has become very common.  Here's how it works: you create an online store that offers products from certain manufacturers.